PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s Lake Tahoe. Sedona and Scottsdale in Arizona. The Ozark Mountains of Missouri. Myrtle Beach, S.C.

Over a decade or so, the couple traveled the country to imagine life after Mr. Hansen retired as president of a community bank in the suburbs west of Chicago. In 2018, the Hansens, ages 61 and 60, picked rural Sevier County, Tenn.

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This post first appeared on wsj.com

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